Future of the South Korean Defense Industry - New Study Released


Market Attractiveness, Competitive Landscape and Forecasts to 2020


[USPRwire, Mon Sep 28 2015] South Korea is one of the major economies within Asia with a considerable amount of security issues calling for a firm security posture. To combat the challenge posed by a nuclear threat from North Korea, of the need to replace obsolete military equipment, and a growing necessity for restructuring and modernization of the military, South Korea has introduced the Defense Reform Plan 2020 (DRP 2020) with an aim to transform the military into a smaller but more capable force. The South Korean defense industry is among the largest in Asia and in context of the threat posed by North Korea, the country's defense expenditure is expected to grow at a healthy CAGR

Full Report Details at
- http://www.fastmr.com/prod/1045189_future_of_south_korean.aspx?afid=302

Key Findings

* Over the historic period, South Korean defense expenditure registered a growth rate of 4.51%, increasing from US$28.3 billion in 2011 to US$33.7 billion in 2015
* South Korea's military expenditure, valued at US$33.7 billion in 2015, is expected to increase to US$46.7 billion by 2020, registering a CAGR of 7.38% over the forecast period
* South Korea's military expenditure will be driven by the nuclear threat from North Korea, acquisition of new technologies, reduction in reliance on imports and the modernization of its armed forces
* The Defense Ministry is expected to procure fighters and multi-role aircraft, cyber security, missiles and missile defense systems, infrastructure construction, and multi role aircraft MRO

Report Synopsis
Strategic Defense Intelligence's report - Future of South Korean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020 offers detailed analysis of the industry with market size forecasts for the period 2016-2020 is done. Also, analysis of factors that influence demand for the industry, key market trends, and challenges faced by industry participants is covered.

In particular, it provides an in-depth analysis of the following:

* Defense industry market size and drivers: detailed analysis of the defense industry during 2016-2020, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the country's expenditure and modernization patterns
* Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
* Porter's Five Force analysis of the defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, buyers, threat of substitution, intensity of rivalry, and barriers to entry
* Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
* Market opportunities: details of the top five defense investment opportunities from 2015 to 2025

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